NOT LISTED FOR SALE
1 Bed
1 Bath
7,074 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: October 7, 2021

Last sale price $1,640,000 $232 Per Sq Ft

548 Days on Market

Highlights

  • Wood Flooring
  • No Heating
  • 4-minute walk to Tatum Park
  • No HOA

About This Home

As of October 2021

Prime investment opportunity, 2 floors building 10 units total locate a few blocks of the Beach, the walkability of the property naturally drives future tenants, close to Bal Harbour Shops. Value-add current rents are under market. 100% occupied with very stable tenants and extremely low maintenance; perfect for investor wanting to enter The Miami Beach market.Property passed 40 years certification. 7 Units completed remodel, and 3 partial.

Last Buyer's Agent

Chaim Glik

Beachfront Realty Inc License #3265723

Beachfront Realty Inc
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,221

Year Built

  • Built in 1958

Lot Details

  • 6,970

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 7,074 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Terrazzo
  • Ceramic Tile

Utilities

  • Cooling Available
  • No Heating
  • Separate Meters
  • Cable TV Not Available

Listing and Financial Details

  • Assessor Parcel Number 0232020080550

Community Details

Overview

  • No Home Owners Association
  • Biscayne Bch Sub Subdivision

Building Details

  • Gross Income $1,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,221

Year Built

Built in 1958

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: google maps
  • Year Built: 1958
  • New Construction: No
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile, Terrazzo, Wood
  • Living Area: 7074.0
  • Stories: 2

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Flat, Tile

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: None, Separate Meters
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Cable Not Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0232020080550
  • Mobile Dim Units: Feet
  • Zoning: 3900

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 24221.0

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Annual Gross Income: 1350.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Oct 7, 2021
Sold by
Maxema Llc
Bought by
Seller's Agent
Elsy Gonzalez
Golden International Realty Corp
Buyer's Agent
Chaim Glik
Beachfront Realty Inc
List Price
$1,850,000
Sold Price
$1,640,000
Premium/Discount to List
-$210,000
-11.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Outstanding Balance
$731,346
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 31, 2018
Closed on
Mar 15, 2019
Sold by
Cd Capital Financial Group Llc
Bought by
Maxema Llc
Seller's Agent
Carlos Diaz Valladares
Yaffe International Realty
Buyer's Agent
Elsy Gonzalez
Golden International Realty Corp
List Price
$1,750,000
Sold Price
$1,665,000
Premium/Discount to List
-$85,000
-4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.59%

Purchase Details

Closed on
Oct 22, 2018
Sold by
Compass Miami Llc
Bought by
C D Capital Finance Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,115,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 1, 2011
Sold by
Beach House Partners Llc
Bought by
Compass Miami Llc

Purchase Details

Closed on
Nov 24, 2010
Sold by
Mercantil Commercebank Na
Bought by
Beach House Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2010
Sold by
Rlg Investments Inc
Bought by
Mercantil Commercebank Na

Purchase Details

Closed on
Jan 27, 1998
Sold by
Ton Antonio F
Bought by
Rlg Investments Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,640,000 Express Title
Maxema Llc $1,665,000 Attorney
C D Capital Finance Group Llc $1,430,000 Attorney
Compass Miami Llc $630,000 Attorney
Beach House Partners Llc $450,000 Attorney
Mercantil Commercebank Na $1,100 None Available
Rlg Investments Inc $300,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $820,000
Previous Owner C D Capital Finance Group Llc $1,115,000
Previous Owner Beach House Partners Llc $337,500
Previous Owner Pedraz Jose $265,000
Previous Owner Rlg Investments Inc $775,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2021 10/07/21 Sold $1,640,000 -11.4% $232 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
01/22/2020 01/22/20 For Sale $1,850,000 +11.1% $262 / Sq Ft
03/15/2019 03/15/19 Sold $1,665,000 -4.9% $278 / Sq Ft View Prior Sale
03/14/2019 03/14/19 Pending -- -- --
10/31/2018 10/31/18 For Sale $1,750,000 -- $292 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,453 $1,570,000 $508,500 $1,061,500
2024 $31,715 $1,766,600
2023 $31,715 $1,606,000 $0 $0
2022 $27,432 $1,460,000 $452,000 $1,008,000
2021 $27,224 $1,410,000 $367,250 $1,042,750
2020 $25,574 $1,321,000 $367,250 $953,750
2019 $25,231 $1,302,000 $367,250 $934,750
2018 $16,202 $1,168,000 $339,000 $829,000
2017 $14,071 $627,946 $0 $0
2016 $13,206 $570,860 $0 $0
2015 $12,345 $518,964 $0 $0
2014 $11,325 $471,786 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A10805216

BeachesMLS (Greater Fort Lauderdale)
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